行业景气观察：五一出行需求持续增长，3月全球半导体销额同比增幅扩大

Group 1 - The report highlights a sustained increase in travel demand during the May Day holiday, with a significant recovery in inbound and outbound tourism, reaching 103% of the 2019 levels for cross-border travel [12][19][40] - The transportation sector saw a strong preference for self-driving trips, with daily travel volume reaching 2.33 million people, a year-on-year increase of 8.09% [12][15][40] - The report indicates that consumer spending is being driven by promotional policies such as consumption vouchers and shopping festivals, leading to a notable increase in retail sales across various sectors [22][23][40] Group 2 - In the information technology sector, the report notes an upward trend in the Philadelphia Semiconductor Index and DDR4 DRAM prices, with global semiconductor sales showing a year-on-year increase [7][12][40] - The manufacturing sector experienced a positive shift, with heavy truck sales turning positive year-on-year and solar power installation capacity showing significant growth [7][12][40] - The report mentions a decline in prices for various raw materials, including electrolytic nickel and lithium materials, while the photovoltaic price index showed a downward trend [7][12][40] Group 3 - The report observes a mixed trend in consumer demand, with prices for fresh milk and pork rising, while the wholesale price index for liquor has decreased [22][24][40] - The film industry faced challenges, with total box office revenue during the May Day holiday dropping by 51.1% year-on-year, indicating a significant decline in audience turnout [35][40] - The report highlights a recovery in tourism spending, with domestic tourist expenditure increasing by 8.0% compared to the previous year, reflecting a positive trend in the tourism sector [29][40]